Personal loan or repayment plan? How best to lower credit card debt – USA TODAY

CLOSE

Americans credit card debt has just hit a disturbing record of $1.02 trillion according to the federal reserve.
Buzz60

Question: Im 64. My credit score is about 656. For different reasons over a long period of time  including unemployment and health issues  I accumulated credit card debt of about $50,000. 

I intend to take out an unsecured personal loan, but I dont want it to have a negative impact on my credit score. I have a job now and I will pay my monthly payments on time. But what will happen if I cannot continue my payments to the lender? If I should fi…